ANSWERS: 1
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Usually when you make a formal offer, a timeline for response is written into it. Your realtor should know. If it isn't an offer thru' a realtor, and your offer didn't include a timeline, then it is an arbitrary time lapse. If you haven't heard from the vendor after one week, you can call them...or send a second proposal reiterating the original $$ offer but now indicating a timeline.
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